Last $61.32 USD
Change Today -0.87 / -1.40%
Volume 426.4K
As of 8:04 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

dresser-rand group inc (DRC) Snapshot

Open
$62.56
Previous Close
$62.19
Day High
$62.68
Day Low
$61.17
52 Week High
07/17/14 - $71.91
52 Week Low
02/18/14 - $51.46
Market Cap
4.7B
Average Volume 10 Days
1.9M
EPS TTM
$2.67
Shares Outstanding
76.5M
EX-Date
--
P/E TM
22.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for DRESSER-RAND GROUP INC (DRC)

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dresser-rand group inc (DRC) Details

Dresser-Rand Group Inc., together with its subsidiaries, designs, manufactures, sells, and services rotating equipment solutions to the oil, gas, chemical, petrochemical, process, power generation, military, and other industries worldwide. It operates in two segments: New Units, and Aftermarket Parts and Services. The New Units segment offers turbo and reciprocating compression equipment and steam turbines; power turbines; special-purpose gas turbines; hot gas expanders; gas and diesel engines; trip, trip throttle, and non-return valves; and magnetic bearings and control systems. This segment also provides engineering, manufacturing, project management, packaging, testing, sales, and administrative support services. The Aftermarket Parts and Services segment offers a range of aftermarket parts and services, including replacement parts, field service turnaround, service and repair, operation and maintenance contracts, rotor/spare parts storage, condition monitoring, controls retrofit, site/reliability audits, remote area energy solutions, equipment repair and rerates, equipment installation, applied technology, long-term service agreements, special coatings/weldings, product training, turnkey installation/project management, and energy asset management services. This segment also provides engineering, manufacturing, project management, installation, commissioning, start-up and other field services, repairs, overhauls, refurbishment, sales, and administrative support services. The company markets its products and services through its sales representatives comprising direct sales/service personnel and a network of independent representatives and distributors. Dresser-Rand Group Inc. was founded in 2004 and is headquartered in Houston, Texas.

8,100 Employees
Last Reported Date: 03/14/14
Founded in 2004

dresser-rand group inc (DRC) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $932.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $286.0K
Executive Vice President of Global Operations
Total Annual Compensation: $409.6K
Vice President, General Counsel and Secretary
Total Annual Compensation: $417.4K
Executive Vice President of Global Solutions
Total Annual Compensation: $364.4K
Compensation as of Fiscal Year 2013.

dresser-rand group inc (DRC) Key Developments

Siemens Reportedly Eyes Dresser-Rand

Siemens Aktiengesellschaft (DB:SIE) has been preparing an offer to acquire Dresser-Rand Group Inc. (NYSE:DRC), German magazine Manager Magazin reported citing sources close to Siemens. Manager Magazin said Siemens Chief Executive Joe Kaeser had mandated Lazard to put together an offer for Dresser-Rand. Siemens, Lazard declined to comment on the report and Dresser-Rand was not immediately available to comment, according to Reuters.

Dresser-Rand Group's Olean Operation Approves New Competitive Labor Agreement

Dresser-Rand Group on June 13 confirmed that the members of the United Steelworkers Union Local 4601, representing 560 workers at Dresser-Rand Company's Olean, New York facility, have ratified a new labor agreement. The contract is effective June 15, through June 14, 2017. This agreement allows Olean Operation, working together with the Union leadership, to advance its operational excellence initiatives aimed at making further improvements in safety, quality and cycle time.

Dresser-Rand Seeks Acquisitions

Dresser-Rand Group Inc. (NYSE:DRC) to seek acquisitions. Vince Volpe, President and Chief Executive Officer of Dresser-Rand said that as long as they grow razor blades business and put their best and brightest and focus their bolt-on acquisitions on growing the aftermarket, they are going to be able to continue to grow.

 

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Industry Analysis

DRC

Industry Average

Valuation DRC Industry Range
Price/Earnings 31.4x
Price/Sales 1.6x
Price/Book 3.6x
Price/Cash Flow 31.3x
TEV/Sales 1.1x
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